Ledger Nano S

Monday, July 10, 2017

Why Haven't Ethereum Traders Cashed Out Yet

In an interview with Vice, six Ethereum traders including physicists, scientists, entrepreneurs and students explained why they aren’t ready to cash out their savings stored in Ethereum’s native token, Ether.

Over the past year, within a 12-month period, the price of Ethereum’s Ether increased from $10 to $242, increasing by a staggering rate of 2,320 percent. With an initial investment of around $10,000, some Ethereum traders including Jason Pappafotis, a 37-year-old physicist based in Alabama, recorded hundreds of thousands of dollars in profit.

Yet, most traders don’t intend to cash out their investments in the near future, considering the potential of the Ethereum network and the industry’s expectations for decentralized applications and decentralized autonomous organizations.

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